Even as the country debates the merits of deepwater drilling, the number of permits granted for shallow water drilling has fallen almost to zero. If we don't reverse this trend, it could be more ...

Borr Drilling (NYSE:BORR) expects nearly a third of the global fleet of shallow-water rigs will be retired in the coming years, leading to higher daily leasing rates, CEO Patrick Schorn said Thursday.

Deepwater oil-and-gas drilling remains under a federal moratorium that could last until late November. But the shallow-water group says there has been a de facto ban on its operations that is causing ...

Ten US senators from five coastal states urged the US Department of the Interior to expedite consideration of shallow-water drilling permit applications and to provide adequate guidance for applicants ...

Italian energy giant Eni has extended its use of a premium shallow-water jack-up drilling rig in Mexico and has remaining ...

Processing of applications is taking longer than previously, but no federal moratorium exists on shallow-water drilling, US Bureau of Ocean Energy Management, Regulation, and Enforcement (BOE) ...

Last month, Seahawk Drilling declared Chapter 11 bankruptcy and announced the sale of its assets to shallow-water driller Hercules Offshore. This devastating decision was the culmination of a long ...

The drilling moratorium enacted after the BP oil spill applies only to the deepwater Gulf of Mexico. Yet energy exploration in the Gulf's shallow waters has come to a virtual standstill as drillers ...

WASHINGTON, Sept 13 (Reuters) - The U.S. Interior Department is taking longer to approve permits to drill for oil and gas offshore in shallow waters to ensure new safety rules are met, a top ...

While the Obama administration grabs headlines by announcing an end to the deepwater drilling moratorium, our nation’s jobs and energy security remain at risk due to a regulatory “blockade” that is ...

Here’s the Washington Post on the day’s action: “It was not an elegant operation. Furious clouds of oil escaped the ‘top hat.’” “It was a day crammed with engineering drama.” “First, BP used robotic ...

WASHINGTON (Reuters) - The Interior Department is taking longer to approve permits to drill for oil and gas offshore in shallow waters to ensure new safety rules are met, a top department official ...